TE Connectivity reports USD276 million net income for Q1
Company revises full-year FY2018/19 financial outlook
TE Connectivity reported net income of USD276 million for the first quarter ended 28 December 2018 compared to net loss of USD40 million a year earlier, the Switzerland-based company said in a press release on 23 January. The company returned to profitability in the first quarter as income tax expense dropped significantly to USD78 million from USD599 million in the first quarter of previous financial year.
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